MASONICARE AT MYSTIC INC (MAM) WAS FORMED ON JAN. 8, 2014 AS A CONNECTICUT NON-STOCK 501(C)(3) CORPORATION FOR THE PURPOSE OF SERVING AS AN OWNER AND AS THE MANAGER OF SENIOR LIVING AT MASONICARE, LLC (SLM). MAM HAS RECEIVED NOTIFICATION FROM THE INTERNAL REVENUE SERVICE (DATED MARCH 25, 2015) THAT THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THAT THE CORPORATION IS A PUBLIC CHARITY UNDER CODE SECTION 509(A)(2). SLM WAS FORMED AS A CONNECTICUT LIMITED LIABILITY COMPANY FOR THE PURPOSE OF ACQUIRING PROPERTY IN ORDER TO PROVIDE ASSISTED LIVING (INCLUDING MEMORY CARE ASSISTED LIVING) AND INDEPENDENT LIVING TO THE ELDERLY. ON THE BOOK BASIS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 MAM OWNS 88.4% OF SLM WITH THE REMAINING 11.6% OWNED BY MYSTIC SENIOR LIVING ASSOCIATES, LLC. THE 179 UNIT ASSISTED LIVING FACILITY IN MYSTIC, CONNECTICUT, OPENED IN NOVEMBER 2016.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Human Services organizations in Connecticut.
- Base
- $132k
- Bonus
- —
- Other
- $263
- Benefits
- $15k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Executive Director Senior Living by Masonicare Median to 75th percentile | $132k | — | $263 | $15k | $152k $170k |
Director Alsa Senior Living by Masonicare Highest Compensated Employee 10th to 25th percentile | — | — | — | — | $111k $124k |
President and Ceo, Assistant Secretary 10th to 25th percentile | — | — | — | — | $59k $66k |
Cfo, Assistant Treasurer 25th percentile to median | — | — | — | — | $44k $49k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 18 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at Masonicare at Mystic Inc equaled 8% of the organization's total expenses. The median for human services organizations is 8%.
Based on 26,698 human services organizations, each measured at its most recent filing year with reported expenses and compensation.
Held steady
from 2022
From $152k in 2022 to $152k in 2023.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay held roughly steady from 2022 to 2023, while revenue rose 6%.
- Highest Compensated Employee pay rose 5% from 2022 to 2023.
- Chief Financial Officer pay fell 7% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Masonicare at Mystic Inc
What does the Chief Executive Officer of Masonicare at Mystic Inc earn?
In 2023, the Chief Executive Officer of Masonicare at Mystic Inc received $152,090 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Human Services organizations in Connecticut, within the top half of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at Masonicare at Mystic Inc compare with similar nonprofits?
Compared with the same role at Human Services organizations in Connecticut, the 2023 pay of the Chief Executive Officer at Masonicare at Mystic Inc falls between the median and the 75th percentile. In 2023, the highest total compensation at Masonicare at Mystic Inc equaled 8% of the organization's total expenses. The median for human services organizations is 8%.
What are Masonicare at Mystic Inc's revenue and expenses?
In 2023, Masonicare at Mystic Inc reported $663k in total revenue and $1.8M in total expenses on its IRS Form 990.
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